This exceptional 13-unit apartment building, known as Gables on Stark, presents a compelling investment opportunity in Portland, Oregon. Built in 2008, this Class B multifamily property boasts 17,524 square feet situated on a 0.4-acre lot (APN: 1S2E03BA 6900). Each of the 13 units offers substantial living space at 1,348 square feet, featuring two bedrooms, two and a half bathrooms, and an attached garage. The units are well-appointed with full kitchens including hard surface counters,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$22k

Tax billed · 2023

Assessed value$916k

Effective rate2.35%

Value estimate

· Nov 2026

$2.93M

$2.63M – $3.22M

CAP approach$2.18M

Submarket $/SF estimate$2.50M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?

$266/SF

Submarket average, outlier-cleaned · 440 recorded sales of this use type

Observed band · Q1–Q3$159 – $395

Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

R1D

JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?

Best fit: Law Firm

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Law Firm16.6

Realty agency13.4

Electrical Service13.0

11012 Stark St Portland, OR 97216-3388

County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby

Address Sale price Sold Size

12110 Burnside, Portland, OR 97216-3792 $7,890,210 Aug 2023 46,526 SF

11930 Ankeny, Portland, OR 97216 $2,600,000 Nov 2021 38,868 SF

10610 Burnside, Portland, OR 97216-2877 $2,100,000 Jan 2021 24,066 SF

10540 Burnside, Portland, OR 97216-2757 $830,000 Sep 2020 6,701 SF

9106 Stark, Portland, OR 97216-1600 $280,000 Nov 2019 4,614 SF

400 105th, Portland, OR 97216-2720 $185,000 Oct 2019 5,619 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$1,640,000

10,320 SF

11940 Ash St

APARTMENT HOUSE (5+ UNITS)

11940 Ash St, Portland, OR 97216-3890

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Value Estimation
$1,595,000

10,040 SF

2434 92nd Ave

APARTMENT HOUSE (5+ UNITS)

2434 92nd Ave, Portland, OR 97216

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Value Estimation
$1,890,000

8,892 SF

11933 Oak St

APARTMENT HOUSE (5+ UNITS)

11933 Oak St, Portland, OR 97216-3700

View Details
Value Estimation
$1,415,000

8,448 SF

9025 Stark St, Unit 9043

APARTMENT HOUSE (5+ UNITS)

9025 Stark St, Portland, OR 97216-1664

View Details
Value Estimation
$3,705,000

15,486 SF

2160-2170 Wi Se 96th Ave

APARTMENT HOUSE (5+ UNITS)

2160-2170 Wi Se 96th Ave, Portland, OR 97216

View Details
Value Estimation
$1,050,000

5,748 SF

604 119th Ave, Unit 624

APARTMENT HOUSE (5+ UNITS)

604 119th Ave, Portland, OR 97216-3864

View Details

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11012 Stark St Portland, OR 97216

Property summary